5 Ways CPQ Software Solution Boosts Sales While Saving Time 1. Megan Marsh is an enthusiastic CPQ and enterprise software content creator who has established herself as a go-to expert in the industry. Each new team member can ramp up productivity faster, making CPQ software an accelerator for your whole sales function. 00/month/user. All in one powerful solution. Infor Configure Price Quote (CPQ) provides a platform to manage the unique requirements of a specialty/emergency vehicle provider. What is CPQ Software? A CPQ solution enables the design of quotes based on customer-specific sales inquiries. With her keen insights and exceptional communication. FPX CPQ. Salesforce CPQ is the most trusted CPQ solution available. Create intuitive business rules and product logic to eliminates pricing errors. This provides an. According to Nucleus Research, $1 of investment in CRM translates into $8. CPQ software is used for configuring the prices of the products. Sell your products directly to consumers through an easy to use ecommerce platform. The benefits of CPQ software also extend to the customer’s purchasing process. It also includes the granular features that can be critical to your manufacturing business. Pricing: Salesforce CPQ has two different plans: CPQ at $75 per user per month and CPQ Plus at $150 per user per month. Infor Configure Price Quote (CPQ) provides a platform to manage the unique requirements of a specialty/emergency vehicle provider. Make your products configurable and sell them at scale with Missoun As industry experts know, configure price quote, or CPQ, is a software system that helps create a scalable, individualized sales process through guided configuration and selling tactics. Sigma Systems. Test Drive Logik. CPQ software allows sales to deliver quotes quickly thanks to a streamlined quoting process — the result of the customized rules and pricing CPQ automation allows. The EngageBay customer lifecycle software is a cloud-based platform similar to HubSpot. You will also review system requirements and track quality assurance metrics (e. Other apps from Experlogix. With its intuitive visual interface, users can easily drag and drop components to build and deploy applications quickly. iNavX. CPQ software integrated with Microsoft Dynamics 365 for Sales streamlines the price quotation process and enables sales reps to generate error-free quotes from within their CRM, using templates and pricing that is updated in real-time. Verenia’s CPQ software becomes the product and process expert, allowing sales. This cuts down on the time it takes to make quotes, which lets sales teams answer customer questions faster. Gartner Research valued the worldwide CPQ market size at around $570 million in 2015. Sales teams need to manage the prices of the products rapidly according to the business requirements. Here’s a look at some of the main benefits of CPQ for Microsoft Dynamics 365: Automate renewals. RenaissanceTech provides leading training, services, & support for Configure Price. Create customizable guided selling layouts and take advantage of our high-performance solution that helps reps sell every product faster, and win more deals. The configure price and quote (CPQ) software market is expected to post a year-over-year growth rate of 13. A robust CPQ solution can shrink sales cycles that once took weeks down to a few minutes. With CPQ software, you empower your sales reps and partners to spend less time quoting and more time selling. Logik. Forget drawn-out quotation trajectories, production errors, double data entry and Excel sheets. Connect the $159. Directory of HP support and additional resource information. The CloudSuite Industrial (SyteLine ERP) is the best manufacturing ERP software that easily integrates into your entire operation process. Infor is the best ERP solution. ERP Manufacturing Software Production Control; Advanced Planning & Scheduling (APS) Infor SyteLine ERP Workbench Suite – Get More Done; Infor SyteLine ERP Quality Control Solution (QCS) Multi-Site, Multi-Plant, Multi. 01 Review. CPQ software makes it easy to adjust margins both. It lifts the sales team from slackening quote processes and equips them to focus on bagging more deals. Stay ahead of the clock. 6% decrease. This technology helps sales organizations configure product offerings, set up pricing rules and discounts, and generate error-free quotes and professional proposals customized to buyers’ needs. For more than 30 years, FPX has focused on delivering CPQ software for manufacturing and sellers of pumps, compressors, motors, valves, and much more. Integrations. Optimum Accuracy Of Estimates. Join The CPQ Experts. CPQ solutions often come in the form of CPQ software, which enables the configuration of a quote that becomes available to a sales team immediately, based on a customer’s unique needs. 1. These native systems include: InforLN. CPQ stands for Configure Price Quote. The best CPQ solutions include systems that boil down complex pricing. Agile project plans are often organized in a Kanban board. Generates Accurate and Automated Quotes. 1. CPQ is often used interchangeably with other terms such as, quote-to-cash, sales configuration software. Built on top of HubSpot’s powerful CRM, HubSpot CPQ goes a step further by helping you match quotes and line items to deals, as well as associated contacts and companies. MES (Manufacturing Execution System) & Production. Configure One - Best for large or complicated product catalogs. The best CPQ solutions include systems that boil down complex pricing. Then the proposal is sent for approval (if needed) and finally the proposal is sent to the customer,. Here is a list of primary features that your manufacturing-focused CPQ should have. Which means you have endless integration possibilities. ALSO READ: 8 Sales Mapping Software Tools for Your Dispersed Team. Industrial Equipment CPQ Software Enhance Your Industrial Equipment Ordering Operation Industrial equipment, machinery manufacturers and their authorized dealers and. Overall, the goal of implementing a CPQ software is to improve a sales cycle’s efficiency, productivity, and profitability. Here’s a brief description of each of the quotation management software that is featured on this top 10 list. The buyers of pumps, compressors, or HVAC-R equipment have a very specific job to get done. com, a leading independent review website for small business online tools, products, and services, has announced the best configure, price, quote (CPQ) software of 2021. 49 billion during 2021-2025. Boats, Yachts & Marine CPQ Software; Furniture Configurator Software; High-Tech Instrumentation CPQ Software; Industrial Equipment CPQ Software; Manufacturing CPQ Software; Medical Equipment CPQ Software; Promotional Products CPQ Software; Pumps, Compressors, HVAC CPQ Software; Specialty Vehicles CPQ. At a basic level, CPQ works like this: a customer requests a pricing quote. General. 00. The initial software selection ended with the selection. CPQ for Microsoft Dynamics 365 Business Central Experlogix Experlogix CPQ (Configure Price Quote) - Quickly and accurately customize complex quotes and orders. Firstly, you can configure a specific product portfolio within the scope of a quote (based on your overall product catalog). Camphorquinone, main ingredient in dental resin fillings. Use it to configure, price, and quote in a visual, engaging format—anytime, anywhere. Then choose your product to configure and quote in the product catalog. It’s a technology-driven solution designed to simplify the process of creating accurate and customized quotes for customers. 0 out of 5 stars. Sales reps, partners, and online customers can configure products in 2D, 3D, and augmented reality (AR). The CPQ software generates quotes automatically based on the boat configuration and pricing information, providing a clear and comprehensive breakdown of the costs. Configure, Price, Quote software (CPQ) enables sales teams to generate price quotes for orders quickly and accurately. CPQ software is your shot at eliminating all errors from your pre-production process. Contact our team of experts today to learn more about our medical equipment CPQ. Module. ConfigureWhat is Epicor CPQ? Simplified Selling for Complex, Custom Products. 0 Challenges Rising Adoption of CPQ Software in B2B eCommerce Global B2B E-Commerce Market Size (in US$ Billion) for the 13. Mendix is a low-code application development platform that allows users to create custom software without needing extensive coding knowledge. We are looking to grow our team with people who share our energy and values. Attend Salesforce Certifications Days & Get $40 OFF. Sutphen’s team emphasized the intuitive nature of our CPQ software, which has enabled their sales team and dealer network to provide accurate quotes more quickly and with greater confidence. Conga CPQ. Our clients benefit from real people who are here to help answer questions you may have about your CPQ software. It covers different types (Cloud-Based CPQ Software, On. About. CPQ, “configure, price, quote,” is a process for selling customized products. The integration of these two software systems provides a seamless sales. Enable your sales reps and channel partners with the guideance they need to find the best soluti. Let’s look at 4 integrations include Infor’s Suite of ERP products, Sage, D365, Salesforce. . When paired with extensions, CPQ add-ons & new integrations, the power of your price quoting tool is elevated to the next level. Improve internal collaboration. CPQ Salesforce, or Configure, Price, Quote Software by Salesforce is a sales tool for companies to provide accurate pricing with any given product configuration scenario. Virtually every product in the High-Tech, Instrumentation and Medical Equipment Industry is pushing the limit of what is technically and physically possible, further constrained by the laws of physics and the regulatory laws of the land. No matter if you’re dealing with a macro incident or looking for one-on-one training you can count on RenaissanceTech. [1] An example could be a maker of heavy trucks. Unless, of course, CPQ software is implemented. The Conga development team has designed it to help manufacturing and services companies configure products and generate price quotes based on an updated pricing database of your company. With her keen insights and exceptional communication skills, she brings complex technical concepts to life, enabling businesses to optimize their operations and drive growth. Visit website. Salesforce CPQ is a price quote solution that is native to the Salesforce platform and can be used to configure price estimates. Get more eyes on your KPIs. Consider making the switch to the cloud today. Improved Customer Engagement. Improve your bottom line with CPQ software . Enables users to automate the process of creating quotations, maintaining records, generating required reports, and emailing quotes to the clients. Megan Marsh is an enthusiastic CPQ and enterprise software content creator who has established herself as a go-to expert in the industry. . 2% between 2022 and 2027. Here are 5 ways AI could be leveraged in CPQ systems: Intelligent Product Recommendations: AI algorithms can analyze customer data, preferences, and historical. CPQ solutions often come in the form of CPQ software, which enables the configuration of a quote that becomes available to a sales team immediately, based on a customer’s unique needs. 5. 65 billion from $1. With a multitude of options and specifications for furniture and. Ferrari, Omni and Edge to offer detailed, high-touch service levels aligned with. /PRNewswire/ -- The configure price and quote (CPQ) software market is expected to grow by USD 1. CPQ software streamlines the process, boosting efficiency and productivity and enhancing the customer experience. Sell faster and boost sales productivity with configure, price, and quote capabilities that flow straight from CRM. ”. We are going to be able to get so much done. 4. Automating your product configuration, pricing, and quotations is the catalyst for increased efficiency, agent performance, and customer satisfaction. That takes time, slows down movement of your. Update drivers using the largest database. Many companies see CPQ software as a useful tool due to its functionality and excellent return on investment (ROI). Base year. Verdict: iNavX map software for Win is one of the best available options when it comes to charting and analyzing ocean data. Preparing a quotation for the sale of complex products is time-consuming. We no longer have to deal with complex systems involving multiple software tools and hordes of Excel spreadsheets. CPQ software is a reliable first mate in this journey, capable of scaling. Secure in cloud or on-premise. We believe everyone should have the opportunity to own a quality computing device that is easy to use and affordably priced. 1. The increasing need for higher productivity will be a key driver fueling the configure price and quote (CPQ) software market growth during the forecast. The “Global Configure Price and Quote (CPQ) Software Market 2017–2021” predicts the CPQ software market to grow at a CAGR of 14. Expivi’s customers are particularly active in the following sectors: mobility, transportation and marine; industrial machinery and manufacturing; furniture and outdoor; construction and supply. ERP Manufacturing Software Production Control; Advanced Planning & Scheduling (APS) Infor SyteLine ERP Workbench Suite – Get More Done; Infor SyteLine ERP Quality Control Solution (QCS) Multi-Site, Multi-Plant, Multi-Company Authored By: Hillary Schwallie. Explore the range of industries we serve. Customers in the architectural industry demand more and more custom options. 2. Price quoting technology should evolve based on trending purchasing habits. Fluid. Marine & Powersports; Installation Parts & Accessories; All Car Electronics & GPS;. Configure Price and Quote (CPQ) Software Market Scope. These statistics show how valuable CPQ software can be to increase both sales productivity and velocity. Boats, Yachts & Marine CPQ Software; Furniture Configurator Software; High-Tech Instrumentation CPQ Software; Industrial Equipment CPQ Software; Manufacturing CPQ Software; Medical Equipment CPQ Software; Promotional Products CPQ Software; Pumps, Compressors, HVAC CPQ Software; Specialty Vehicles CPQ Software; About. Page number. 3. These effects are especially evident forBeyond being a crucial component of most businesses, Configure, Price, Quote (CPQ) software is an invaluable asset for sales teams, organizing and automating every aspect of the quotation process and putting important tools at the sales team’s fingertips. Requirements Summary Of typical requirements, it is unknown at this time which are fully supported out of the box by Salesforce CPQ. ”. China, the world's second-largest economy, is projected to reach a market size of US$1. With CPQ software doing all the heavy lifting – configuring and pricing products and generating accurate quotes -- your sales team can focus on client needs and relationships with their clients. With Infor CPQ, you can increase sales with quick and accurate quotations with higher close rates, reduce costs by eliminating errors and omissions in pricing, and. $40 off on any $200 Salesforce Certification Exam. CPQ software takes into account changing variables and aggregates them, so organizations can optimize their margins. In this blog post, we will explore how Infor CPQ (Configure, Price, Quote) serves as a powerful inventory lookup tool, revolutionizing the way distributors operate. Secure in cloud or on-premise. is estimated at US$655. and easily configure products and compute runtime price. From here on Mobileforce CPQ takes over and completes the process of creating a quote or proposal by starting with a quote template and adding line items corresponding to products being sold, together with pricing and discounts if any. Elfsquad CPQ is based on the API-first principle. This has led to increased companies investing in CPQ; 83 percent of sales professionals currently utilize. ) The QA technician role plays an important part in our company’s product development process. Salesforce CPQ. Infor CPQ helps discrete manufacturers and distributors increase sales, reduce costs, and differentiate their brands. At its core, CPQ stands for Configure, Price, Quote. More and more of the sales cycle, from pricing to product configurations, are becoming more precise and faster, thanks to CPQ strategies. Marine Fixed Gauging; GASBAL™ Gas Detection. CPQ systems help companies achieve increased sales efficiency,. The business impact of CPQ software. Report Coverage. In addition, CPQ integrated with salesforce enhances the. Step 1: Select Your Customer and Product. 14 billion during 2020-2024, according to Technavio. Infor Configure Price Quote (CPQ) provides a platform to manage the boat ordering process in a way that ensures the customer gets exactly what they want and need in a timely manner. It allows users to brand and create quotes using customizable templates, view past quotes and send quotes via email. CPQ stands for Configure, Price, and Quote. A CPQ solution built for the world's #1 CRM platform, Salesforce CPQ gives companies the tools they need to take control of the sales process--from quote to cash. Read more. At the same time, it is not just salesperson focussed but is also said to be designed keeping customer service , self-service, field sales and partners in mind. Such a CPQ process can have the capabilities depicted in figure 1. The purpose of CPQ software is to simplify complex pricing and expedite the quote-to-cash process. Key takeaways. RenaissanceTech’s founders have been working with CPQ quote systems and software since its introduction more than a decade ago. Megan Marsh is an enthusiastic CPQ and enterprise software content creator who has established herself as a go-to expert in the industry. 42 billion. CPQ Software Emerges as an Important Tool for Addressing Industry 4. 8 ( 21 reviews) 2 recommendations Compare Price Demo Epicor CPQ Epicor CPQ ensures every configuration is accurate, profitable, and optimized from an engineering standpoint. Country / Region. Support Sales & Dealers with Infor CPQ Software. Make Capterra Shortlist™ your first stop when searching for software. Give the power of advanced configure-price-quote (CPQ) technology to your entire network with Infor Configure Price Quote. The latest version of Zadig can be downloaded from zadig. CPQ offers a powerful sales to manufacturing visual. Configure, Price, Quote (CPQ) is an indispensable step-by-step process used by businesses dealing with complex and configurable products. Zakeke. Making things click in the sales industry is hard. Salesforce CPQ is a leading CPQ software for SaaS businesses. With Infor Configure Price Quote for Marine Sales and Manufacturing, you get the tools you need to increase your sales, reduce your costs, and differentiate your brand. Configure, Price, Quote (CPQ) software solutions allow businesses just like yours to generate complicated sales quotes quickly and accurately. Service Cloud for Lightning Experience. NaN out of 5. Configure, Price, Quote software is a sales tool designed to allow companies to accurately create quotes across a large and constantly changing spectrum of variables. It lets users quickly and accurately configure products, select features, determine pricing, and create sales quotes or orders. CPQ allows organizations to provide personalized prices and quotes for each customer using codified product and pricing information. When it comes time to complete the transaction and close the sale, CPQ software helps make the seamless transition from sales journey to decision. Configure Price and Quote (CPQ) Software Market Analysis Report 2023-2027: The Configure Price and Quote (CPQ) software market size is estimated to grow at a CAGR of 20. 8) Accelerated ROI. B2B sellers increasingly rely on CPQ software to speed the process and reduce the number of errors made. The CPQ process consists of product configuration, order cost calculation, and quote generation. CPQ streamlines the quoting process, allowing sales staff to quickly provide quotes, therefore minimising. Epicor CPQ is a cloud solution that simplifies and automates sales, engineering, and manufacturing processes for complex, customizable products. Learn more about SyteLine on our site. The software ensures that the selected options are compatible and valid, reducing errors and ensuring accuracy in the engineering design process. An effective CPQ solution can help businesses streamline their invoicing and payment processes, and can simplify inventory management. CRM systems are software that help businesses keep track of their interactions with customers and what is known about them. Is your solution powered by AI? Be sure to invest in an AI-powered CPQ solution that: Is easy to understand: This will ensure you can onboard your team quickly. ️ Customization: CPQ software simplifies the process of tailoring quotes and proposals to match each business’s unique needs. Suits your business budget. Add to Trailmix ~1 hr 35 minsAn Agile project plan template is a repeatable framework that you can customize and use for any future Agile project. CPQ (Configure Price Quote) is designed to help sales reps accurately configure and price products and services. While adopting new tools involves a significant investment, CPQ software offsets this with its ability to rapidly enhance quoting capacity, boost conversion rates, lower the cost of sales, and eliminate quoting errors. With her keen insights and exceptional communication skills, she brings complex technical concepts to life, enabling businesses to optimize their operations and drive growth. Popular Marine Software Categories. Configure Price Quote, a category of software that helps. Blog; CPQ Connect 2023. RenaissanceTech specializes in implementation, training, and consulting for Configure Price. With Infor CPQ, you can increase sales with quick and accurate quotations with higher close rates, reduce costs by eliminating errors and omissions in pricing, and. But there’s a new class of software that’s improving efficiency even more. The Epicor CPQ Snap rules engine is the foundation of our intelligent visual CPQ solution. According to the Regional Research Reports, the Global CPQ Software Market size was valued at USD 447 million in 2021 and is estimated to grow to reach over USD. CPQ for NetSuite provides a number of advantages and expanded capabilities that extend the flexibility and scalability of the platform. CPQ is often used interchangeably with other terms such as, quote-to-cash, sales configuration software. Track prospect and customer information within your CRM. More people are shopping online than ever before. Users can specify various configurations based on customer. Improved Accuracy. Let’s look at the truck industry as an example. With CPQ, sales teams can. 42 months. Read our privacy policy and learn how we protect the personal information of our customers and the clients they work with every day. August 5, 2022. This gives team members instant access to the data they need. The boat industry and market are becoming increasingly complex, with a growing range of products, customization options, and pricing models. The product configurator examples allow. Buyers on TrustRadius frequently compare these two products with alternative CPQ options, including QuoteWerks, PandaDoc, Apttus CPQ, Zuora, and Conga Composer. Sportsman Boats is a premium boat manufacturer focused on manufacturing an intelligently designed series of center consoles and bay boats. Popular Harbor Operations products used by Marine professionals. This is true for companies with one-off sales, subscription pricing, recurring billing, and other revenue models. CPQ, Configure-Price-Quote, is software that automates pricing and proposal generation of complex, variable offerings. The process is: Plug in the RTL-SDR. Find a Partner. specialty vehicles, boats, doors, windows, and more. Your business, on the other. It accomplishes this by bringing together all of the available pricing and customer data in the form of a centralized platform accessible in real time. Contact our team of experts today to learn more about our medical equipment. 614-389-1974. Infor Configure Price Quote (CPQ) provides a platform to manage all of this complexity in one place. Epicor CPQ software is a one-stop solution for complex, custom products that streamlines your sales, engineering, and manufacturing processes. This feature can make. CPQ advantages allow your sales team to spend less time on administration and more time interacting with customers. Play Video. When a lead asks for a quote from a business based on the list of services or products that the business sells, sales reps need to configure that quote, compile all pricing information. CPQ capability map Configure, price, and quote Guided selling Standard and non-standard deal management Quote to order conversion Price adjustment Quote generation and amendments. Empower Your Vehicle Sales Team with CPQ. This quoting solution automates repetitive parts of the ordering process, giving you time to focus on your customers. Integrate with 3000+ applications, from SalesForce to Dynamics for Sales and from Autodesk Inventor to Business Central. The use of CPQ software in the boat industry and market. As a result, CPQ software helps businesses increase their sales. by PROS. AI-powered CPQ software engine enables dynamic quoting practices. Infor Configure Price Quote (CPQ. Improve your bottom line with CPQ software . CPQ applications take into account optional features, customizations, quantities, and discounts, allowing sales reps to quote prices quickly and. SailPoint has the roadmap for success - Learn more. CPQ can help companies make all their complex products, pricing, and business rules centralized, automatic, and available in real-time. Configure, price, quote (CPQ) software is a tool designed to empower sales, partners, and customers to configure complex products and offerings with efficiency and accuracy. CPQ is a software technology that enables sales teams to configure and price complex products and services quickly. It is explained by the fact that more and more companies want to automate their CPQ. With customizable and flexible dashboard. It is a software system used by businesses to automate and streamline their sales processes. As industry experts know, configure price quote, or CPQ, is a software system that helps create a scalable, individualized sales process through guided configuration and selling. Try cloud product configuration and start your CAD furniture experience with 3CAD. Explore the range of industries we serve. In 2019, the market for CPQ application software systems grew by 15. Set permissions to let your team develop customized quotes while maintaining control. Improve security and trust with built-in legally binding e-Signatures. Verenia, LLC. Compaq has a long-standing reputation for product quality, reliability and affordability. Organize all product options in one place with CPQ for furniture and fixture manufacturers. With her keen insights and exceptional communication skills, she brings complex technical concepts to life, enabling businesses to optimize their operations and drive growth. Although this is a big benefit for consumers, it makes life more difficult for sellers. It also connects your internal systems, providing you with the visibility to make decisions on order requests at a moment. Contact Us Today. A bit complicated. Streamline pricing, sizing, and configuration. Sell Online. $400. QuoteWerks integrates with customer management solutions like ACT!, ACT! for Web, Autotask,. 4. However, the market's growth momentum is expected to decelerate at a CAGR of over. 5 out of 5 stars. The market size is forecast to increase by USD 3,175. It also helps sales teams quickly and accurately create sales quotes, even if there are an endless number of sales variables. Add to Trailmix ~50 mins +800 points. By using CPQ software, businesses can streamline their sales processes, improve pricing accuracy, and reduce the risk of errors and inconsistencies. Now there’s a fast, easy way to streamline configuration, pricing, and quote generation. CPQ software helps companies automate the process of configuring products, pricing the result, and generating quotes for the customer. As CPQ grows in popularity due to its ability to simplify the entire quote to cash cycle, here are why other manufacturers have found it beneficial: Having the configurator application as part of the CPQ suite allows customers to visually answer questions about their problems and receive a quick customized solution to meet their needsConfigure Price And Quote (CPQ) Software Market Research Report 2023 | 120 Pages | presents granular analysis on current and future market growth status with industry revenue and CAGR status. 6 billion in 2020. Our Infor CPQ software is designed to align the needs of your customers with automated ordering and manufacturing processes. For example, a Nordic bus company needs different types of tires and transmissions to deal with different weather challenges among its customer base. CPQ software benefits: Help your sales team thrive while making your business look great. MRPeasy is a simple yet powerful CPQ software that helps small manufacturers organize production. Here are some of. Advance your CPQ solution with educational sessions. Compaq, a defunct American technology company. This is one of the most superficial considerations on this list, but it’s an important one. CPQ systems empower sales teams to configure complex products or services, determine accurate pricing, and generate quotes quickly—all while ensuring consistency, accuracy,. Get Demo. Start a Free Trial to Test MRPeasy - 15+15 Days for Free. Learn more about Verenia CPQ. Just sign up to test MRPeasy, select the features plan that meets your requirements, and access additional functionality as you grow your business. It integrates with Salesforce, making it easy for sales reps to create quotes and orders while keeping customer information up to date. Infor Configure Price Quote (CPQ) provides a platform to manage all of this complexity in one place. About. Andrew Parker. 42 billion, according to Gartner®. Andrew is a professional copywriter with expertise in creating content focused on business-to-business (B2B) software. See more below to select the best Marine software. Of the vendors listed in the. Sales teams use CPQs to ascertain the costs of selling a product or service. Price Point. Sell faster and boost sales productivity with configure, price, and quote capabilities that flow straight from CRM. Mitigate business risk with controls, approval workflows, and compliance built into the quoting process. The Conga development team has designed it to help manufacturing and services companies configure products and generate price quotes based on an updated pricing database of your company. CPQ solutions are tools designed to enable businesses to improve their sales processes. In order to truly understand what CPQ is, you need to break down the acronym even further. While there are dozens I could speak to, I’ll highlight five key points here that are especially tangible: 1. How Product Configuration Software Can Grow Your Business. This results in a higher conversion rate and, ultimately, cost reduction and revenue enhancement. 0, CPQ provides a way to design orders and quotes and. eCommerce. Instead of dealing with a mountain of Excel spreadsheets, they have automated instant quoting at their fingertips.